Business, 22.04.2020 03:45 ericb6939

On January 1, JC Co. accepted a 60-day, 6%, note in the amount of $10,000 from a customer. On March 2, the due date of the note, the customer honors the note and pays in full. The journal entry that JC would make to record the receipt of payment of this note would include a debit to: Notes Receivable in the amount of $10,100 Cash in the amount of $10,100 Notes Receivable in the amount of $10,000 Cash in the amount of $10,000

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On January 1, JC Co. accepted a 60-day, 6%, note in the amount of $10,000 from a customer. On March...

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